Costco Wholesale Corp. PT Raised to $120.00 (COST)
Equities research analysts at Barclays Capital lifted their price objective on shares of Costco Wholesale Corp. (NASDAQ:COST) from $110.00 to $120.00 in a research note issued to investors on Tuesday, AR Network reports. The firm currently has an “equal weight” rating on the stock. Barclays Capital’s target price would suggest a potential upside of 4.19% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Costco Wholesale Corp. (NASDAQ:COST) in a research note to investors on Thursday, September 12th. They now have a $125.00 price target on the stock. Separately, analysts at Goldman Sachs Group Inc. initiated coverage on shares of Costco Wholesale Corp. (NASDAQ:COST) in a research note to investors on Monday, September 9th. They set a “neutral” rating and a $124.00 price target on the stock. Finally, analysts at Stifel Nicolaus raised their price target on shares of Costco Wholesale Corp. (NASDAQ:COST) from $107.00 to $130.00 in a research note to investors on Monday, August 5th. They now have a “buy” rating on the stock. Eleven analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $117.39.
Costco Wholesale Corp. (NASDAQ:COST) traded down 0.18% on Tuesday, hitting $114.96. The stock had a trading volume of 615,009 shares. Costco Wholesale Corp. has a 52-week low of $93.51 and a 52-week high of $120.20. The stock’s 50-day moving average is $114. and its 200-day moving average is $111.7. The company has a market cap of $50.201 billion and a P/E ratio of 24.91.
Costco Wholesale Corporation (NASDAQ:COST) with its subsidiaries is engaged in the operation of membership warehouses in the United States and Puerto Rico, Canada, the United Kingdom, Mexico, Japan, Australia, and through majority owned subsidiaries in Taiwan and Korea.
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